RTTNews | Sep 8, 2020 07:29AM EDT

07:29 Tuesday, September 8, 2020 (RTTNews.com) - Reliance Steel & Aluminum Co. (RS) announced Tuesday that it has entered into an amended and restated $1.5 billion five-year unsecured revolving credit facility that will replace its existing credit agreement.

The new facility includes an increase option for up to an additional $1.0 billion and allows for prepayments. The facility does not have an outstanding balance. The company intends to use funds borrowed under the facility from time to time for general corporate purposes, growth and stockholder return activities.

Read the original article on RTTNews ( https://www.rttnews.com/3126793/reliance-steel-announces-amended-restated-1-5-billion-credit-facility-quick-facts.aspx)

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